A massive network of seawalls is possibly going to be constructed right in the middle of Miami Beach's South Beach, which has beachfront property owners in the area concerned about the seawalls' effects on their property values. To monetize the effects of the seawalls on property values, one could use the nonmarket valuation technique.

Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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A massive network of seawalls is possibly going to be constructed right in the
middle of Miami Beach's South Beach, which has beachfront property owners
in the area concerned about the seawalls' effects on their property values. To
monetize the effects of the seawalls on property values, one could use the
nonmarket valuation technique.
а.
travel cost
b. averting behavior
С.
hedonic
d. contingent valuation
Transcribed Image Text:A massive network of seawalls is possibly going to be constructed right in the middle of Miami Beach's South Beach, which has beachfront property owners in the area concerned about the seawalls' effects on their property values. To monetize the effects of the seawalls on property values, one could use the nonmarket valuation technique. а. travel cost b. averting behavior С. hedonic d. contingent valuation
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